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Electric Enclosure Market by Mounting Type, Form Factor, Material, Industry Vertical And Geography - Global Forecast to 2023

Electric Enclosure Market: Global Forecast until 2023

  • March 2018
  • 158 pages
  • ID: 3044567
In this report:
The metallic electric enclosure market for stainless steel type was valued at USD ##,##.## million in 2017 and is expected to reach USD ##,##.## million by 2023, growing at a CAGR of ##.##%.
The market for wall-mounted electric enclosures was valued at USD ##.## million in 2017 and is expected to reach USD ##.## million by 2023, growing at a CAGR of ##.##% during the forecast period.

Summary

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Electric enclosure market forecasted to grow at a significant rate between 2018 and 2023

The electric enclosure market is forecasted to grow from ~$6.2B in 2018 to ~$7.9B by 2023, at a compound annual growth rate (CAGR) of ~6.3 percent during 2018-2023. Key factors driving the rise of the electric enclosure market are the development strategies including product launches and advancements, mergers and acquisitions, business developments, strategic agreements, collaborations, joint ventures (JV), and alliances.

Nevertheless, the main restraining factors for the increase of this market is the high lead times of electric enclosure

Power generation & distribution application anticipated to lead the electric enclosure market between 2018 and 2023

Among different applications, the power generation & distribution sector is forecasted to account for the most important size of the global electric enclosure market between 2018 and 2023. Electric enclosures are required for the housing and protection of electric/electronic equipment from water, ice, oil, and harsh environmental conditions. Electric enclosures enhance the safety of end users and electronic/electric equipment, even in energy-generation stations.

Equivalently, in power transmission & distribution, electric enclosures are used to keep the circuitry safe from external damage

Asia-Pacific anticipated to lead the electric enclosure market between 2018 and 2023

Asia-Pac is forecasted to hold the biggest size of the electric enclosure market during the outlook period. Key factors driving the electric enclosure market in Asia-Pacific are the growing demand for energy & power from residential and commercial markets and rised focus on automation in the manufacturing market is predicted to push the market for electric enclosures in the territory.

The breakup of the profiles of primary members taking part for the analysis has been provided below.

• By Company category: Tier 1 = 20.0 percent, Tier 2 = 55.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 25.0 percent, and Managers = 25.0 percent

• By Area: North America continent = 60.0 percent, Europe (EU) = 20.0 percent, Asia-Pac = 10.0 percent, and RoW = 10.0 percent

Rittal, Schneider, Pentair, Emerson, Eaton, Hammond, Fibox, Adalet, AZZ Legrand are the main industry actors in the electric enclosure market.

Segment Research

The research report on the electric enclosure market includes the market broken down on the basis of the following segments: Mounting type, Form factor, Material type, Market vertical, and territory. The market has been split on the basis of mounting type as wall-mounted, floor-mounted/free-standing, and underground.

Established on form factor, the electric enclosure market has been categorized into small enclosure, compact enclosure, and free-size enclosures. The electric enclosure market has been further divided on the basis of material type of metallic and nonmetallic. The enclosure market based on sector vertical has been broken down into power generation & distribution, oil & gas, metals & mining, medical, pulp & paper, food & beverage, transportation, and others.

Main highlights

Figures of segmentation, study, and estimate for the market based on Mounting type, Form factor, Material type, industry application, and area have been organized to give the global view of the Electric enclosure market.

The value chain study is provided to provide a detailed insight into the Electric enclosure market.

Main drivers, market restraints, alternatives, and opportunities for the electric enclosure market have been described.

The market research includes an exhaustive competitive analysis and revenue of the main actors.

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